Home / Markets / Markets Analysis / Corn market / Grains starting spring lower

Grains starting spring lower

Jeff Caldwell 03/20/2012 @ 7:03am Multimedia Editor for Agriculture.com and Successful Farming magazine.

Monday's CME Group slide in grain prices continued overnight and looks to at least start Tuesday's session on the same note, sources say. Early calls are corn 4-6 cents lower, soybeans 8-10 lower and wheat 5-7 lower, according to private sources.

As of 6:40 a.m. CDT, May corn futures were 7 1/4 cents lower at $6.56 1/4 per bushel, according to Barchart.com. May soybeans were 10 1/2 cents lower at $13.56 per bushel, while May wheat was 7 3/4 lower at $6.44 1/2.

On Monday, the grain markets divorced themselves from largely bullish outside markets, focusing instead on supply issues and looking ahead to the March 30 USDA Prospective Plantings report 10 days from now.

Meanwhile, with unseasonably warm temperatures, farmers are turning their attention to planting and any remaining fieldwork.

CancelPost Comment
MORE FROM JEFF CALDWELL more +

Cool, Dry Corn Belt Conditions to Persist --… By: 07/30/2014 @ 8:48am As cooler-than-normal temperatures continue to keep crop stress at bay in the absence of measurable…

Rain Chances, Global Tumult Sink Grains… By: 07/29/2014 @ 2:57pm After a higher day for corn and soybean futures on Monday, it was a Turnaround Tuesday that saw all…

Risk Management, Farm Policy Critical During… By: 07/29/2014 @ 2:01pm The business of raising corn, soybeans, and wheat isn't what it was a couple of years ago. Now…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Weather Trumps Demand